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Celsius CEO: The difference in this bull market is that people already understand cryptocurrencies
A Google search for Bitcoin seems to be far less popular than when Bitcoin hit a record high in December 2017.
Celsius CEO Alex Mashinsky told Cointelegraph: “2017 was full of hype and users rushed to join the Bitcoin game for the first time because of FOMO (fear of missing out).” He said: “This time is different.”
Citing data from Google Trends, Mashinsky said: “Almost no one is searching for BTC. This tells everyone that everyone already knows what Bitcoin is and where to buy it (cash app or Paypal).”
This year, Bitcoin has gained mainstream adoption in many areas, including PayPal’s launch of encryption services on its platform, thereby enhancing public awareness of the cryptocurrency industry. After years of range fluctuations, Mashinsky said that cryptocurrency started its current macro-up trend at the same time the new crown pneumonia appeared-TradingView general manager Pierce Crosby also held the same position.
Mashinsky pointed out: “I started talking about Bitcoin’s new all-time high in February 2020.” Then he pointed to the interview with Ivan on YouTube in April. In the interview, Mashinsky predicted that Bitcoin will hit a record high by 2021, and he was right.
In terms of future Bitcoin price trends, Celsius CEO’s view of Bitcoin’s potential seems to be more conservative than many other speculators, some of whom expect the price to reach $100,000 or more in the coming year. He said: “Before reaching US$30,000 in the middle or the second half of 2021, we will retest US$15000-16000. There is less supply of Bitcoin and more demand. Bitcoin price and economy, the new crown pneumonia and the dollar The relationship is greater.”
After a short correction to $16,200, Bitcoin rose to $19,000 again.